--- schema_version: "secwatch.filing_event.v1" accession: "0001829126-23-004300" form_type: "8-K" ticker: "ADNH" cik: "0001744494" company_name: "ADVENT TECHNOLOGIES HOLDINGS, INC." filed_at: "2023-06-20T23:59:59+00:00" generated_at: "2026-06-13T21:30:20.778573+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.75 calibrated_materiality_score: 0.75 confidence: "high" source: SEC EDGAR --- # Advent shareholders approve 4.5x increase in authorized shares and $50M equity line facility ## Summary - Authorized common stock increased from 110M to 500M shares; total authorized capital to 501M shares. - Approved potential issuance of up to 20% of common stock to Lincoln Park Capital Fund LLC for up to $50M. - Stockholders approved officer exculpation amendment and ratified Ernst & Young as auditor for FY 2023. - Class III directors Vassilios Gregoriou, Emory De Castro, and Nora Gourdoupi elected to three-year terms. - Annual Meeting partially adjourned from June 13 to June 20, 2023, for voting on Proposal 3. ## SEC filing metadata - accession: 0001829126-23-004300 - form_type: 8-K - ticker: ADNH - cik: 0001744494 - company_name: ADVENT TECHNOLOGIES HOLDINGS, INC. - filed_at: 2023-06-20T23:59:59+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.75 - calibrated_materiality_score: 0.75 - confidence: high - sec_items: 3.03, 5.03, 5.07, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1744494/000182912623004300/0001829126-23-004300-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1744494/000182912623004300/adventtech_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001829126-23-004300 - JSON: https://secwatch.observer/filing/0001829126-23-004300.json - Plain text: https://secwatch.observer/filing/0001829126-23-004300.txt ## Key facts - Governance Changes ADVENT TECHNOLOGIES HOLDINGS, INC.: Increased authorized common stock from 110,000,000 to 500,000,000 shares and added officer exculpation provision; filed Certificate of Amendment with Delaware Secretary of State on June 20, 2023 (effective 2023-06-20). - Change: charter amendment - Effective: 2023-06-20 source text: At the Annual Meeting, the Company’s stockholders approved amendments (the “Amendments”) to (1) subsection (a) of Article IV of the Company’s Second Amended and Restated Certificate of Incorporation (the “Certificate of Incorporation”) to increase the Company’s number of shares of authorized common stock, par value $0.0001 per share, from 110,000,000 shares to 500,000,000 shares, with a corresponding increase in the Company’s total authorized capital stock, which includes common stock and preferred stock, from 111,000,000 shares to 501,000,000 shares; and (2) Article VI of the Certificate of Incorporation to permit the exculpation of our officers. evidence_url: https://www.sec.gov/Archives/edgar/data/1744494/000182912623004300/0001829126-23-004300-index.htm - Shareholder Votes ADVENT TECHNOLOGIES HOLDINGS, INC. shareholders approved Approve amendment to Certificate of Incorporation to increase authorized shares from 110,000,000 to 500,000,000 at the 2023-06-13 meeting. - Proposal: charter amendment - Outcome: passed - Meeting: 2023-06-13 source text: Proposal 2 : To approve an amendment to the Company’s Certificate of Incorporation to increase the number of authorized shares of the Company’s common stock evidence_url: https://www.sec.gov/Archives/edgar/data/1744494/000182912623004300/0001829126-23-004300-index.htm - Shareholder Votes ADVENT TECHNOLOGIES HOLDINGS, INC. shareholders approved Elect three Class III directors at the 2023-06-13 meeting. - Proposal: director election - Outcome: passed - Meeting: 2023-06-13 source text: The voting results were as follows: Director Nominee Votes For Votes Withheld Broker Non-Votes Vassilios Gregoriou 24,546,093 946,610 7,071,248 Emory De Castro 18,971,078 6,521,625 7,071,248 Panoraia ‘Nora’ Gourdoupi 18,884,617 6,608,086 7,071,248 evidence_url: https://www.sec.gov/Archives/edgar/data/1744494/000182912623004300/0001829126-23-004300-index.htm - Shareholder Votes ADVENT TECHNOLOGIES HOLDINGS, INC. shareholders approved Approve potential issuance of 20% or more of common stock pursuant to purchase agreement with Lincoln Park Capital Fund at the 2023-06-13 meeting. - Proposal: equity plan - Outcome: passed - Meeting: 2023-06-13 source text: Proposal 4 : To approve, for purposes of complying with Nasdaq Listing Rule 5635(d), the potential issuance and sale of 20% or more of the Company’s common stock pursuant to the purchase agreement with Lincoln Park Capital Fund, LLC evidence_url: https://www.sec.gov/Archives/edgar/data/1744494/000182912623004300/0001829126-23-004300-index.htm - Shareholder Votes ADVENT TECHNOLOGIES HOLDINGS, INC. shareholders approved Ratify appointment of Ernst & Young (Hellas) as independent auditor for FY2023 at the 2023-06-13 meeting. - Proposal: auditor ratification - Outcome: passed - Meeting: 2023-06-13 source text: Proposal 5 : To ratify the appointment of Ernst & Young (Hellas) Certified Auditors Accountants S.A. as the Company’s independent registered public accounting firm evidence_url: https://www.sec.gov/Archives/edgar/data/1744494/000182912623004300/0001829126-23-004300-index.htm - Shareholder Votes ADVENT TECHNOLOGIES HOLDINGS, INC. shareholders approved Approve amendment to Certificate of Incorporation to permit exculpation of officers at the 2023-06-20 meeting. - Proposal: charter amendment - Outcome: passed - Meeting: 2023-06-20 source text: The proposal was approved by a vote of stockholders as follows: Votes For Votes Against Abstentions 27,202,791 1,781,380 127,821 evidence_url: https://www.sec.gov/Archives/edgar/data/1744494/000182912623004300/0001829126-23-004300-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.